-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L3mpZFA528qPat/eqwQGnu7ZfYM5tCGrVM5eYBjIQXHT12CzQPnnj8bASjmNlcBo 0QyULEIEZlmTCgM+8ohYgg== 0000790273-05-000049.txt : 20050815 0000790273-05-000049.hdr.sgml : 20050815 20050815153252 ACCESSION NUMBER: 0000790273-05-000049 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050815 DATE AS OF CHANGE: 20050815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MOBILE NATION INC CENTRAL INDEX KEY: 0001083922 STANDARD INDUSTRIAL CLASSIFICATION: OIL AND GAS FIELD EXPLORATION SERVICES [1382] IRS NUMBER: 680427395 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-28585 FILM NUMBER: 051026292 BUSINESS ADDRESS: STREET 1: 2647 DOUGLAS CIRCLE CITY: HENDERSON STATE: NV ZIP: 89074 BUSINESS PHONE: 7029149824 MAIL ADDRESS: STREET 1: 2647 DOUGLAS CIRCLE CITY: HENDERSON STATE: NV ZIP: 89074 FORMER COMPANY: FORMER CONFORMED NAME: WOLFSTONE CORP DATE OF NAME CHANGE: 19991210 10QSB 1 mbnt10qsb.txt QUATERLY REPORT FOR THE PERIOD ENDING 6-30-05
================================================================================

                    U. S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)
 [ ]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934
         For the quarterly period ended June 30, 2005

 [ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934
         For the transition period from __________ to __________

                         Commission File Number 000-28585

                               Mobile Nation, Inc.
                          (formerly Wolfstone Corporation)
                 (Name of small business issuer in its charter)

            Nevada                                               68-0427395
- -------------------------------                               ----------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                               2638 Pershing Circle
                              Henderson, NV  89074
                     --------------------------------------
                    (Address of principal executive offices)

         Issuer's telephone number (including area code): (702) 914-9824

         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes [X]  No [ ]

         The number of shares outstanding of the registrant's only class of
common stock, $0.001 par value per share, was 573,500 shares as of August 15,
2005.

================================================================================

1
                              Table of Contents
                              -----------------
Item 1.  Financial Statements............................................F-1
         Balance Sheet (unaudited).......................................F-1
         Statements of Operations (unaudited)............................F-2
         Statements of Cash Flows (unaudited)............................F-3
         Notes to Financial Statements...................................F-4

Item 2.  Management's Discussion and Analysis of Plan
           of Operation....................................................3

Item 3.  Controls and Procedures...........................................6

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.................................................7

Item 2.  Changes in Securities and Use of Proceeds.........................7

Item 3.  Defaults upon Senior Securities...................................7

Item 4.  Submission of Matters to a Vote
          of Security Holders..............................................7

Item 5.  Other Information.................................................7

Item 6.  Exhibits and Reports on Form 8-K..................................8

Signatures.................................................................9

2

PART I. FINANCIAL INFORMATION

                         MOBILE NATION, INC
                    (A DEVELOPMENT STAGE COMPANY)
                         BALANCE SHEET
                         -------------
                         June 30, 2005
                         -------------

                             Assets
                             ------

Current assets:

        Cash                                    $         811
                                                 ------------
Total current assets                                      811
                                                -------------
Total assets                                    $         811
                                                =============

                   Liabilities and Stockholders' Deficit
                   -------------------------------------

Current liabilities:

        Accounts payable, trade                 $      7,320
        Accrued interest, related parties             21,017
        Due to related parties                       147,500
                                                 ------------
Total current liabilities                            175,837
                                                 ------------
Total liabilities                                    175,837
                                                 ------------

Commitments and contingencies                            -

Stockholders' Deficit:

  Preferred stock, 10,000 shares authorized,
        no shares issued and outstanding, no
        rights or privileges designated                 -
  Common stock, $.001 par value, 20,000,000
        shares authorized, 573,500 shares
        issued and outstanding                           574
        Paid-in capital in excess of par             221,960
        Deficit accumulated during the
        development stage                           (397,560)
                                                 ------------
Total Stockholders' Deficit                         (175,026)
                                                 ------------
Total Liabilities and Stockholders' Deficit      $       811
                                                 ============

The accompanying notes are an integral part of the financial statements.

F-1

                                          MOBILE NATION, INC
                                    (A DEVELOPMENT STAGE COMPANY)

                                      STATEMENTS OF OPERATIONS
                                      -------------------------
                                                        For the                       From
                                                   Three months ended             March 15, 1990
                                                        June 30,                (Inception) to
                                                  2005             2004          June 30, 2005
                                                ----------      -----------       --------------
                                               (unaudited)      (unaudited)        (unaudited)
                                                                             
 Revenues                                      $    -           $    -             $      -

Operating expenses:

      General and administrative                  15,486          7,278               376,003
      Interest expense                             3,075          2,625                21,557
                                              --------------   --------------     --------------
Total operating expenses                          18,561          9,903               397,560
                                              --------------   --------------     --------------
Loss before income taxes                         (18,561)        (9,903)             (397,560)
                                              --------------   --------------     --------------
Provisions for income taxes                           -               -                   -
                                              ---------------- ---------------    --------------
Net loss                                       $ (18,561)        (9,903)           $ (397,560)
                                              ================ ===============    ==============

Net loss per share:
     (restated):
      Basic                                    $    (0.03)      $ (0.02)           $    (5.17)
      Diluted                                  $    (0.03)      $ (0.02)           $    (5.17)

Weighted Shares Outstanding

      Basic                                      573,500           573,500              76,953
      Diluted                                    573,500           573,500              76,953


                   The accompanying notes are an integral part of the financial statements.
F-2 MOBILE NATION, INC (A Development Stage Company) STATEMENTS OF CASH FLOWS ----------------------- For the From Three months ended March 15, 1990 June 30, (Inception) to 2005 2004 June 30, 2005 ---------- ----------- -------------- (unaudited) (unaudited) (unaudited) Cash flows from operating activities: Net loss $ (18,561) $ (9,903) $(397,560) Adjustment to reconcile net loss to net cash used in operating activities: Increase (decrease) in prepaid expenses 2,024 - - Increase (decrease) in accounts payable 7,320 3,072 7,320 Increase (decrease) in accrued interest 3,075 2,625 21,017 Fair value of salaries donated as capital - - 151,500 Common stock issued for services - - 25,053 ------------ ------------ ------------- Net cash used in operating activities (6,142) (4,206) (192,670) ------------ ------------ ------------- Cash flows from investing activities : Advances form stockholders - - 22,725 ------------ ------------ ------------- Net cash provided by investing activities - - 22,725 ------------ ------------ ------------- Cash flows from financing activities: Contributed capital - 600 23,256 Proceeds from note payable, director - - 55,000 Proceeds from note payable, AFG - - 17,500 Proceeds from convertible note payable - - 77,500 Repayments of convertible note payable - (2,700) (2,700) ------------ ------------ ------------- Net cash provided by financing activities (2,100) 170,756 ------------ ------------ ------------- Net increase (decrease) in cash (6,142) (6,306) 811 Cash at beginning of period 6,953 6,754 - ------------ ------------ ------------- Cash at end of period $ 811 $ 448 $ 811 ============ ============ ============= The accompanying notes are an integral part of the financial statements.
F-3 MOBILE NATION, INC. FORMERLY WOLFSTONE CORPORATION (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and business Mobile Nation, Inc. (the Company) was incorporated in the state of Delaware on March 15, 1990 under the name Integrated Direct, Inc. (IDI). IDI operated a direct mail business until it filed for protection under Chapter 11 of the bankruptcy code on September 22, 1992. On June 8, 1994, the case was converted to Chapter 7 and on December 17, 1998, IDI was discharged from its debts and it emerged from bankruptcy (see below). On February 23, 1999, IDI reincorporated in the state of Nevada and issued 40 common stock shares (295,408 pre split) in exchange for all of the 5,905,735 common stock shares of IDI, effecting a 20 to 1 reverse stock split and changing its domicile from Delaware to Nevada. On that date, IDI changed its name to Wolfstone Corporation (Wolfstone). There were no assets or liabilities of IDI prior to this transaction. Between April 1999 and August 2003, Wolfstone attempted three merger/acquisitions but was not able to raise sufficient capital to support the transactions. In June 2003, an attempted merger with Mobile Nation, Inc. was established by issuing 4,000,000 shares of common stock. Mobile Nation, Inc.'s management assumed substantial control of Wolfstone and the Company's name was changed to Mobile Nation, Inc. In October 2003, the parties in the above transaction returned 3,520,000 securities issued with no claims or rights to the assets optioned in the original plan, effectively rescinding the transaction. The Company is a development stage and is currently assessing various business options and strategies. Bankruptcy proceedings As mentioned above, the Company emerged from bankruptcy on December 17, 1998, when it was formally discharged from its debts. However, by September 1995 substantially all of its assets had been converted to approximately $95,000 of cash. At that time, the Company recognized income from discharge of indebtedness of approximately $994,000 and the remaining cash was used to pay various creditors. Afterwards, the Company still existed but had no other assets, liabilities or operations until it acquired its oil and gas properties in a business combination that was subsequently rescinded (see below). Because there was no change in the stockholder ownership interests as a result of the bankruptcy or when the Company emerged from bankruptcy, it did not qualify for fresh start accounting pursuant to Statement of Position No. 90-7. Business combinations and subsequent rescission During April 1999, the Company acquired oil and gas properties through two subsidiaries in transactions accounted for as purchases and described below. In both acquisitions, the purchase price was allocated to the fair values of the assets acquired with no portion of the purchase price allocated to goodwill. The Company acquired 100% of the outstanding common stock of Texas International Petroleum, Inc. (TIP), a Texas corporation, on April 3, 1999, in exchange for 2,000,000 common stock shares and 2,000 Class B preferred shares valued at $40 per share. TIP owned oil and gas properties. F-8 MOBILE NATION, INC. FORMERLY WOLFSTONE CORPORATION (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS TIP acquired 100% of the outstanding common stock of Subsurface Energy Corp. (SEC), a Texas corporation, on April 9, 1999 in exchange for 1,628,727 TIP Class A preferred convertible shares valued at $20 per share and 5,000 Class B preferred shares of the Company valued at $40 per share. The conversion rate was 1:1 and entitled the stockholder to convert into common stock shares of Wolfstone Corporation. On June 6, 1999, stockholders of the TIP Class A preferred stock converted their shares into 1,628,727 shares of Wolfstone common stock. However, the Company was not able to raise sufficient capital to support the planned drilling program involving the oil and gas properties acquired and formal oil and gas operations were never commenced. As a result, in April 2000, the parties to the above purchase transactions entered into an agreement to rescind the purchase transactions with all securities issued by the Company being returned to the Company and the oil and gas properties acquired being returned to TIP and SEC with no claims or rights to the oil and gas properties. In June 2003, 4,000,000 shares of common stock were issued in a merger/acquisition with Mobile Nation, Inc. On July 3, 2003, the Board of Directors consummated the merger and changed the name to Mobile Nation, Inc. In connection with this merger, the Board authorized a 50 to 1 reverse split of its common stock. In September 2003, Mobile Nation was unable to raise sufficient capital to secure key assets essential to the merger and, on October 13, 3,520,000 shares were returned with no claims or rights. Asset Purchase Agreement and subsequent termination On May 4, 2004, the Company entered into an Asset Purchase Agreement (Agreement) pursuant to Section 363 of the United States Bankruptcy Code to purchase the Assets of Lodging & Gaming Systems, Inc. (LGS) and Gamet Technologies, Inc. (GAMET). Both companies are incorporated in the State of Nevada, with corporate headquarters located at 1865 Plumas Street, Suite 3 Reno, Nevada 8909. LGS and GAMET are in the business of developing, manufacturing and selling software technologies for casino management systems and operations. On December 29, 2003, LGS and GAMET (collectively referred to as Debtor) filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada, as case numbers 03-54225 and 03-54226, jointly administered under case number 03-54224. On July 23, 2004, upon completing extensive due-diligence the company terminated the Asset Purchase Agreement dated May 4, 2004 between GAMET Technology, Inc. and Lodging & Gaming Systems, Inc. Basis of presentation and going concern uncertainty The financial statements of the Company have been prepared assuming that the Company will continue as a going concern. However, the Company has sustained recurring losses and as of June 30, 2005 has no business operations and has little working capital. These conditions, among others, give rise to substantial doubt about the Company's ability to continue as a going concern. Management is continuing to seek additional equity capital to fund a merger or acquisition or to purchase an ongoing business. Until such time, the Company anticipates its working capital needs to be funded through advances from its major stockholders. Management believes that these steps will provide the Company with adequate funds to sustain its growth and continued existence. There is, however, no assurance that the steps taken by management will meet all of the Company's needs or that it will continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. Development stage activities Prior to the Company's purchase of oil and gas properties, merger between Wolfstone and Mobile Nation, Inc. and the subsequent rescission of the acquisitions, the Company had not conducted any recent operations and had been in bankruptcy. All of the Company's operating results and cash flows reported in the accompanying financial statements from its inception are considered to be those related to development stage activities and represent the 'cumulative from inception' amounts from its development stage activities required to be reported pursuant to Statements of Financial Accounting Standards (SFAS) No. 7, Development Stage Enterprises. F-9 MOBILE NATION, INC. FORMERLY WOLFSTONE CORPORATION (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS Management estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash flows For purposes of the statement of cash flows, cash includes demand deposits and time deposits with maturities of less than three months. None of the Company's cash is restricted. Additionally, no interest or taxes were paid during each of the years ended March 31, 2005 and 2004 or during the period March 15, 1990 (inception) through June 30, 2005. Stock splits On February 21, 2002 and September 12, 2002, the Company effected a 6 to 1 and a 25 to 1 reverse split, respectively, of its common stock. Additionally, on June 23, 2003, November 14, 2003, and February 16, 2005 the Company effected a 50 to 1 reverse stock split, a 10 for 1 forward common stock split, and a 10 to 1 reverse stock split. The par value of the common stock was not affected by these splits and remains at $.001 per share. Consequently, the aggregate par value of the issued common stock was adjusted by reclassifying the par value amount of the common stock shares from 'Common Stock' to 'Additional Paid in Capital' and all per share amounts and outstanding shares have been retroactively restated in the accompanying financial statements for all periods presented to reflect these stock splits. Net loss per share Basic loss per share amounts are computed by dividing the net loss by the weighted average number of common stock shares outstanding. Diluted loss per share amounts reflect the maximum dilution that would have resulted from the conversion of the preferred stock shares (Note 2) and the convertible note payable (Note 4). Diluted loss per share amounts are computed by dividing the net loss by the weighted average number of common stock shares outstanding plus the assumed conversion of preferred stock shares and the convertible note payable into an equivalent number of common stock shares. For the three months ended June 30, 2005 and 2004, and for the period March 15, 1990 (inception) through June 30, 2005, basic loss per share amounts are based on 573,500, 573,500 and 76,983, respectively, weighted average shares of common stock outstanding, respectively. No effect has been given to the assumed conversion of the convertible preferred stock shares and the convertible note payable as the effect would be antidilutive. 2. CAPITAL STRUCTURE DISCLOSURES Preferred Stock Originally, in connection with the Company's April 1999 acquisition of oil and gas properties (Note 1), the Company designated 7,000 shares of Class B 5% cumulative preferred stock, which were convertible into the Company's common stock shares at a ratio of 3:1. The Class B stockholders had liquidation preference over the common stockholders. However, with the rescission of this acquisition in April 2000, these shares were cancelled. F-10 MOBILE NATION, INC. FORMERLY WOLFSTONE CORPORATION (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS On September 10, 2000, the Company issued 1,100,000 shares of convertible preferred stock. The holders of the convertible preferred stock could convert each such share of convertible preferred stock into 2 shares of common stock. No other rights or preferences were established. The obligation resulted from services performed in the amount of $2,200 in connection with officers/directors maintaining and funding the ongoing expenses of the Company. It was subsequently determined that the preferred issuance, as approved in the minutes of the Company did not fall within the authorized capital structure of the Company and the obligation was restructured to match the intent of the preferred shares issuance, which would have resulted in 55 preferred shares being issued. During the year ended March 31, 2003, all convertible preferred stock was converted to 44,874 common stock shares (2,200,000 pre split) and no preferred stock shares remain outstanding. Stock options and warrants As of June 30, 2005 and during the period March 15, 1990 (inception) through June 30, 2005, the Company had not adopted any employee stock option plans and, other than the common stock subject to repurchase (Note 3), no other stock options or warrants have been granted or issued. 3. COMMITMENTS AND CONTINGENCIES Leases The Company's office facilities are currently being provided without charge by a corporation owned by the Company's president. The fair rental value of this space provided is not material. At June 30, 2005, the Company was not obligated under any noncancelable operating or capital lease agreements. Common stock subject to repurchase In connection with the Company's acquisition of SEC (Note 1), the Company agreed to repurchase up to 10,625 common stock shares owned by certain former SEC stockholders at a price of $20.00 per share totaling $212,500. With the rescission of the Company's acquisition of SEC this obligation was canceled. Litigation The Company is subject to legal proceedings and claims which arise in the ordinary course of its business. However, the Company is currently not a party to any legal proceeding, pending or threatened. 4. RELATED PARTY TRANSACTIONS Advances from stockholders/officers During the three months ended June 30, 2005 and 2004, and for the period March 15, 1990 (inception) through June 30, 2005, the Company received $0, $0 and $22,725, respectively, of non-interest bearing advances from its stockholders/officers. The advances were due upon demand as funds were available and were unsecured. F-11 MOBILE NATION, INC. FORMERLY WOLFSTONE CORPORATION (A DEVELOPMENT STAGE COMPANY) NOTES TO FINANCIAL STATEMENTS Notes payable, directors During the year ended March 31, 2004, the Company received $50,000 from a director. This note bears interest at 6% per annum, is unsecured and due on or before December 31, 2005. As of June 30, 2005, accrued interest payable totaled $4,875. During the year ended March 31, 2005, the Company received $5,000 from the Company's President and director. This notes bears interest at 8% per annum, is unsecured and due on or before December 31, 2005. At June 30, 2005, accrued interest payable totaled $307. Notes payable, AFG During the year ended March 31, 2005, the Company received $17,500 from Affinity Financial Group, Inc. (AFG). Affinity Financial Group, Inc. is wholly owned by Rex A. Morden, a director and officer of the Company. The notes bear interest at 8% per annum, are unsecured and due on or before December 31, 2005. At June 30, 2005, accrued interest payable totaled $633. Convertible note payable, AFG During the year ended March 31, 2004, the Company received $77,700 from Affinity Financial Group, Inc. (AFG) in exchange for a convertible note payable. During the year ended March 31, 2005, $2,700 of this amount was repaid. Affinity Financial Group, Inc. is wholly owned by Rex A. Morden, a director and officer of the Company. The note is unsecured, due upon demand as funds are available and is convertible, at the option of the holder, into common shares at 80% of the then current market price at any time prior to the repayment of the principal and any accumulated accrued interest. At June 30, 2005, accrued interest payable totaled $15,202. 5. INCOME TAXES The Company recognizes deferred tax assets and liabilities based on the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, future tax benefits, such as those from net operating loss carry forwards, are recognized to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At March 31, 2005 the Company had a deferred tax asset totaling approximately $129,000 which relates to the Company's cumulative net operating loss carry forward totaling approximately $379,000. This deferred tax asset has been fully offset by a valuation reserve. The Company does not have any other deferred tax assets or liabilities. F-12 PART II OTHER INFORMATION ITEM 1. Legal Proceedings The Company is not a party to any legal proceedings. ITEM 2. Changes in Securities and Use of Proceeds None. ITEM 3. Defaults upon Senior Securities None. ITEM 4. Submission of Matters to a Vote of Security Holders None. ITEM 5. Other Information None. 7 ITEM 6. Exhibits and Reports on Form 8-K a) Exhibits Exhibit Number Title of Document ---------------------------------------------------------------- 31.1 Certifications of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 b) Reports on Form 8-K None. 8 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: August 15, 2005 MOBILE NATION, INC. BY: /S/ REX A. MORDEN ------------------------ Rex A. Morden President, Chief Executive Officer, and Director (principal and executive officer) Dated: August 15, 2005 BY: \S\ MICHAEL MCGHEE -------------------------- Michael McGhee Executive President, Finance (principal financial and accounting officer) 9 EXHIBITS FILED WITH THIS REPORT ON FORM 10-QSB Exhibit No. Description ------------- ------------------------------------------------------ 31.1 Certifications Required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 10 EX-31 2 exh311.txt CERTIFICATIONS
EXHIBIT 31.1
CERTIFICATIONS

I, Rex A. Morden, certify that:

1.      I have reviewed this quarterly report on Form 10-QSB of Mobile Nation,
Inc..

2.      Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this report.

3.      Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects
the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report.

4.      The registrant's other certifying officer(s) and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) [language omitted pursuant to SEC
Release 34-47986] for the registrant and have:

(a)     Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

(b)     [Omitted pursuant to SEC Release 34-47986];

(c)     Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d)     Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the case of
an annual report) that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial reporting.

5.      The registrant's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

(a)     All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarize and report financial information; and

(b)     Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control
over financial reporting.

Date: August 15, 2005                  /S/ REX A. MORDEN
                                       -------------------
                                       Rex A. Morden
                                       Chief Executive Officer
                                       (principal executive officer)

I, Michael McGhee, certify that:

1.      I have reviewed this quarterly report on Form 10-QSB of Mobile Nation,
Inc.

2.      Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this report.

3.      Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects
the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report.

4.      The registrant's other certifying officer(s) and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) [language omitted pursuant to SEC
Release 34-47986] for the registrant and have:

(a)     Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

(b)     [Omitted pursuant to SEC Release 34-47986];

(c)     Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

(d)     Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the case of
an annual report) that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial reporting.

5.      The registrant's other certifying officer(s) and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions):

(a)     All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarize and report financial information; and

(b)     Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control
over financial reporting.

Dated: August 15, 2005                     BY:  \S\  MICHAEL MCGHEE
                                           --------------------------
                                           Michael McGhee
                                           Executive President, Finance
                                           (principal financial and accounting
                                           officer)




EX-32
3
exh321.txt
CERTIFICATIONS

EXHIBIT 32.1

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER AND
CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-QSB of Mobile Nation, Inc.
(the "Company") for the quarterly period ended June 30, 2005 (the
"Report"), the undersigned hereby certify in their capacities as Chief
Executive Officer and Chief Financial Officer of the Company, respectively,
pursuant to 18 U.S.C. section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

1.      the Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934, as amended; and

2.      the information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of the
Company.


Dated: August 15, 2005          By:  /S/ REX MORDEN
                                -------------------
                                Rex A. Morden
                                Chief Executive Officer
                                (principal executive officer)


Dated: August 15, 2005          BY:  /S/  MICHAEL MCGHEE
                                --------------------------
                                Michael McGhee
                                Executive President, Finance
                                (principal financial and accounting
                                officer)



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